In all countries the same historical laws operate, the laws of capitalist decline. If the means of production remain in the hands of a small number of capitalists, there is no way out for society. It is condemned to go from crisis to crisis, from need to misery, from bad to worse. In the various countries the decrepitude and disintegration of capitalism are expressed in diverse forms and at unequal rhythms. But the basic features of the process are the same everywhere. The bourgeoisie is leading its society to complete bankruptcy. It is capable of assuring the people neither bread nor peace. This is precisely why it cannot any longer tolerate the democratic order. It is forced to smash the workers by the use of physical violence. The discontent of the workers and peasants, however, cannot be brought to an end by the police alone. Moreover, it is often impossible to make the army march against the people.

It begins by disintegrating and ends with the passage of a large section of the soldiers over to the people’s side. That is why finance capital is obliged to create special armed bands trained to fight the workers, just as certain breeds of dogs are trained to hunt game. The historic function of fascism is to smash the working class, destroy its organizations, and stifle political liberties when the capitalists find themselves unable to govern and dominate with the help of democratic machinery.

The fascists find their human material mainly in the petty bourgeoisie. The latter has been entirely ruined by big capital. There is no way out for it in the present social order, but it knows of no other. Its dissatisfaction, indignation, and despair are diverted by the fascists away from big capital and against the workers. It may be said that fascism is the act of placing the petty bourgeoisie at the disposal of its most bitter enemies. In this way big capital ruins the middle classes and then with the help of hired fascist demagogues incites the despairing petty bourgeois against the worker. The bourgeois regime can be preserved only by such murderous means as these. For how long? Until it is overthrown by proletarian revolution.